On March 27, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This is the third bill passed by Congress in response to COVID-19. This bill provides significant resources to businesses and individuals alike to weather this crisis. Greater Mankato Growth has compiled a summary of the key provisions in the bill impacting businesses – of which there are many. This may be overwhelming, but know that more resources will be coming soon to assist you as the law is implemented and Greater Mankato Growth will be there every step of the way to ensure you are kept informed with timely and accurate information.
You can also view excellent summaries done by the US Chamber of Commerce and US Senate Committee on Small Business & Entrepreneurship. Continue reading “UPDATED: Stimulus 3.0 – Federal CARES Act: Key Provisions Impacting Employers”
The business world continues to evolve and modernize at a rapid pace. One area this is evident in is a company’s benefits for their employees. Most people expect the usual allowance of vacation time and some health insurance for example. But companies these days are becoming more creative and empathetic when it comes to employee benefits and they can be a great way to entice potential workers. Here are a few things you might want to suggest or implement in your workplace:
Continue reading “Modernizing Employee Benefits”
Greater Mankato’s economic strength comes from the diversity of industries that are present in the marketplace. If one industry is ever down, another is usually on the way up. When Greater Mankato Growth has looked at industry diversification in the past, we have analyzed the total wages of each industry to surmise the economic impact of each. But, how does our industry diversification compare to other metropolitan areas across the country and what can it tell us about our economic forecast?
This blog post will focus on the Retail Sector and subsequent ones will explore other industries.
Continue reading “Insights from National Business Patterns: Retail”
Based on the notion that entrepreneurs discover solutions and network over a million cups of coffee, the Kauffman Foundation developed 1 Million Cups – a free program designed to educate, engage, and connect entrepreneurs with their communities.
Continue reading “1 Million Cups, Now in Mankato”
Ever heard the saying, “If you need something done, give it to a busy person.”?
While that may work for errands, many business owners are finding they’re too busy for business anymore. Small business has changed a lot over the past decade and the demands on a business owner’s time have multiplied like rabbits. Continue reading “Are You Too Busy for Business?”
Business owners rarely see a reason to build on things like their LinkedIn profiles. “I’m not looking for a job.”, is a common response when asked why they don’t have one. But in today’s uber-competitive business climate, where even mom and pops are potentially competing on a global level, it’s more important than ever to be able to differentiate your business, and yourself, from the competition. This is done through personal branding. Continue reading “Why You Need to Grow Your Personal Brand and It’s Not to Land a New Job”
In order to rank your business highly, Google expects quality content; quality as judged by your audience through shares and interaction. But creating good content takes time, time many business owners simply don’t have. Here are a few ideas on how you can use existing content to increase your content offerings with a minimal amount of time. Continue reading “Grow Your Content Through Re-purposing”
Maybe you’ve heard the old saying, in order to win the lottery you first have to play. That’s about the extent to any advice someone can give you on how to win. Yes, there are superstitions out there and number theories, but in the end, the only way to guarantee you could win the lottery is by playing.
The same can be said for viral content. There is not guarantee your content will go viral but if you do these things, it could go viral. While I can’t make any guarantees about lightning striking in the viral content lottery, I can tell you if you create content your audience finds valuable or entertaining, you’re more likely for it to happen.
Here are a few suggestions on how to create content people love:
Continue reading “Four Tips to Creating Viral Content for Your Business”
From 2014-2015 the number of Twitter users grew by 50 million, and it’s estimated that close to 1/5 of Internet users have Twitter accounts. The average Twitter user follows five businesses so if you’re not trying to reach your customers on Twitter you’re missing an opportunity.
Twitter is easy enough to understand, just share something 140 characters or less. You can share links, images or videos. Here are a few other tips for businesses just starting out on Twitter: Continue reading “4 Beginning Twitter Tips for Business”
The U.S. Census Bureau has released the 2014 County Business Patterns (CBP) statistics on Thursday, April 21, 2016. CBP covers more than 7.5 million U.S. business establishments, and provides employment and payroll data at subnational levels by industry.
In the Greater Mankato area, Blue Earth and Nicollet Counties, there are 2,573 establishments (businesses). This is 12 more than the year before.
Blue Earth ranked 12th in the State in annual payroll with $1,228,666,000. Nicollet was 30th with $472,813,000 in annual payroll. As a region, payroll increased by $61,333,000 or 3.74% over the last year.
When looking at it by industry sector, I compiled the following table for the Greater Mankato area: Continue reading “Just Released: County Business Patterns”